SECTION 626.7455. Managing general agent; responsibility of insurer.

Latest version.

1(1) 2An insurer may not enter into an agreement with any person to manage the business written in this state by the general lines agents appointed by the insurer or appointed by the managing general agent on behalf of the insurer unless the person is properly licensed as an agent and appointed as a managing general agent in this state. An insurer is responsible for the acts of its managing general agent when the agent acts within the scope of his or her authority.
85(2) 86This section does not apply to surplus lines insurance when written pursuant to the Surplus Lines Law, ss. 104626.913105-106626.937107.

History.-s. 27, ch. 2002-206; s. 28, ch. 2018-102.

Bills Cite this Section:

None

Cited by Court Cases:

None

                    
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